Owning your own home

The other version (which we've encountered) is when you have an interest-only mortgage[1] and when they ask for your plan to repay it you say "We're making overpayments every month as if it were a repayment mortgage". That answer is definitely not on their list of approved answers. It just prompts questions of "but what if you weren't able to make those overpayments" which is stupid given "we're sticking some money away each month in a suitable investment" is accepted with no proof (and is just as liable to problems if the income isn't there).

1. Got a mortgage when I moved in with the now Mrs GB and she wasn't working so they went on my salary alone. Being pre-sub-prime-meltdown they said a repayment mortgage was too expensive so they could only offer me an interest-only mortgage (?!). Flexibility is useful though. Borrowing an extra £10k for a rewire and redecoration was proving to be a ballache through the mortgage co but we can just stop making overpayments for ~6 months and then start them again (at a slightly higher amount) once we've got the £10k saved.